Friday, October 24, 2008

Shocked Disbelief

"...those of us who have looked to the self-interest of lending institutions to protect shareholders' equity... are in a state of shocked disbelief."... Alan Greenspan, Oct. 23 2008. Amazing. I guess Mr. Greenspan can be included among those who believe, most miraculously, that the government is incapable of regulating people's economic behavior, but that it is in fact the government's job to regulate people's social behavior. Why people cannot be held responsible for the way they act socially but are presumed responsible for the way they handle money, is puzzling. If I try to rob you with a gun: I Go To Jail! If I try to rob you with a contract: I Get Government (Taxpayer) Bailout Money!

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